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Yellow Wood closes Suave deal; Bernhard grows government services platform

Good morning, Hubsters.

MK Flynn here with today’s Wire.

This morning, we’re taking a close look at a new home for an old brand, as Yellow Wood closes its deal for Suave.

We’ll also explore Bernhard Capital Partners’ new government services platform, including an add-on deal announced yesterday.

Finally, many of you are in Las Vegas this week for DealMAX.

PE Hub’s Obey Martin Manayiti is there too, and, below, we’ve got an interview he conducted at the conference about deal flow in today’s challenging economy.

But first, let’s get straight to the deals.

Democratizing trends

Yellow Wood Partners said this morning that it has closed its previously announced acquisition of Suave in North America from Unilever.

Subscribers to PE Hub will find details about the new company Yellow Wood is forming, as well as an interview with its managing partner about future plans for Suave, on our website and in the premium version of the Wire.

Specialized services

Last week, Bernhard Capital Partners announced it is acquiring the federal and defense services business of VSE Corporation and creating a new platform in government services.

Just yesterday, the firm made an add-on deal when it bought Duotech Services, a provider of services for radar systems.

Obey spoke with Jeffrey Koonce, a partner at Bernhard, about the growing platform.

Subscribers may read the full story here.

In the field

As I mentioned, Obeyis at the DealMAX conference in Las Vegas where dealmakers, advisors, investment bankers and other industry players are gathered.

He chatted with Christine Nowaczyk, chair of the ACG board of directors, and a senior vice president at BOK Financial, about the highs and lows of the private equity market.

Subscribers to the Wire will find excerpts from their conversation on the premium version of the newsletter.

Obey will share more insights from the conference in Friday’s edition of the Wire.

And in the meantime, Buyouts’ Chris Witkowsky will write Wednesday’s newsletter, as per usual, and I’ll be back on Thursday, when I’ll introduce you to a new member of the PE Hub team!

Until then, happy dealmaking,

MK

Read the full wire commentary on PE Hub ...

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